SDOW vs. ^DJI
SDOW (ProShares UltraPro Short Dow30) is Leveraged Equities fund tracking the Dow Jones Industrial Average (-300%), while ^DJI (Dow Jones Industrial Average) is an index. Over the past 10 years, SDOW returned -38.14%/yr vs 11.15%/yr for ^DJI. At a correlation of -1.00, they often move in opposite directions.
Performance
SDOW vs. ^DJI - Performance Comparison
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Returns By Period
In the year-to-date period, SDOW achieves a -19.85% return, which is significantly lower than ^DJI's 7.28% return. Over the past 10 years, SDOW has underperformed ^DJI with an annualized return of -38.14%, while ^DJI has yielded a comparatively higher 11.15% annualized return.
SDOW
- 1D
- -4.90%
- 1M
- -12.85%
- YTD
- -19.85%
- 6M
- -20.53%
- 1Y
- -43.31%
- 3Y*
- -33.78%
- 5Y*
- -25.28%
- 10Y*
- -38.14%
^DJI
- 1D
- 1.73%
- 1M
- 4.59%
- YTD
- 7.28%
- 6M
- 7.76%
- 1Y
- 21.53%
- 3Y*
- 15.39%
- 5Y*
- 8.21%
- 10Y*
- 11.15%
SDOW vs. ^DJI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDOW ProShares UltraPro Short Dow30 | -19.85% | -33.94% | -25.95% | -28.78% | 4.00% | -49.00% | -66.48% | -49.54% | -0.30% | -52.26% |
^DJI Dow Jones Industrial Average | 7.28% | 12.97% | 12.88% | 13.70% | -8.78% | 18.73% | 7.25% | 22.34% | -5.63% | 25.08% |
Correlation
The correlation between SDOW and ^DJI is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -1.00 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | -1.00 |
The correlation between SDOW and ^DJI has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
SDOW vs. ^DJI — Risk / Return Rank
SDOW
^DJI
SDOW vs. ^DJI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and Dow Jones Industrial Average (^DJI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SDOW | ^DJI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.31 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.16 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.57 | 8.21 | -9.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDOW | ^DJI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.19 | 1.77 | -2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.57 | 0.56 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.73 | 0.63 | -1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | 0.45 | -1.23 |
Drawdowns
SDOW vs. ^DJI - Drawdown Comparison
The maximum SDOW drawdown since its inception was -99.96%, which is greater than ^DJI's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for SDOW and ^DJI.
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Drawdown Indicators
| SDOW | ^DJI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -53.78% | -46.18% |
Max Drawdown (1Y)Largest decline over 1 year | -44.39% | -10.01% | -34.38% |
Max Drawdown (3Y)Largest decline over 3 years | -74.82% | -16.37% | -58.45% |
Max Drawdown (5Y)Largest decline over 5 years | -82.65% | -21.94% | -60.71% |
Max Drawdown (10Y)Largest decline over 10 years | -99.27% | -37.09% | -62.18% |
Current DrawdownCurrent decline from peak | -99.96% | 0.00% | -99.96% |
Average DrawdownAverage peak-to-trough decline | -89.43% | -9.39% | -80.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.62% | 2.63% | +24.99% |
Volatility
SDOW vs. ^DJI - Volatility Comparison
ProShares UltraPro Short Dow30 (SDOW) has a higher volatility of 9.84% compared to Dow Jones Industrial Average (^DJI) at 3.39%. This indicates that SDOW's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDOW | ^DJI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.84% | 3.39% | +6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 28.41% | 9.49% | +18.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.48% | 12.24% | +24.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.33% | 14.83% | +29.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.14% | 17.61% | +34.53% |
Frequently Asked Questions
SDOW and ^DJI have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDOW has higher volatility (9.84%) compared to ^DJI (3.39%). In terms of maximum drawdown, SDOW dropped -99.96% vs ^DJI's -53.78%.
^DJI currently has the higher Sharpe Ratio (1.77 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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